You have fluctuating or irregular income and use a holding account to make sure you don’t overspend during the better months.You’re living through a serious financial challenge and creating an emergency budget is too stressful or more than you need.You’re just dipping your toes into getting started with a system to manage your money and want to start with something easy.Some of the times when an income and expense running total tool is useful include:

There are times when everyone needs a simple way to keep track of their money. When Should You Use a Running Total Tool? Keeping a running total of where your spending stands in relation to your income is an alternative way to budget.ĭownload the Income and Expense Running Total Tool (Microsoft Office Excel Worksheet. When you can keep to living within your means, relying on credit to make ends meet becomes a thing of the past. It’s a simple way to not spend more than you have. With someone like you in mind, who thinks of a budget as a way to keep track of what you spend, we created our Income and Expense Running Total tool. Our Income and Expense Running Total Tool

However, if you think of your budget as a way to keep track of your income and how much you spend, you might need an alternative way to manage your money. If you think of your budget as a planning tool, a traditional budgeting system will work for you. Do you think of it as a way to plan how to spend your money, or as a way to keep track of your money? It comes down to how you view your budget. Keeping track of our money can be as simple or as complicated as we make it. Income & Expense Tool: The Simplest Way to Track Your Money

Excel income and expense tracker